05378nam 2200637Ia 450 991077702360332120230120005413.01-281-17218-997866111721830-08-055771-6(CKB)1000000000414664(EBL)330243(OCoLC)298904477(SSID)ssj0000071606(PQKBManifestationID)11962536(PQKBTitleCode)TC0000071606(PQKBWorkID)10090132(PQKB)10485680(MiAaPQ)EBC330243(EXLCZ)99100000000041466420071108d2008 uy 0engur|n|---|||||txtccrCompetitive electricity markets[electronic resource] design, implementation, performance /edited by Fereidoon P. SioshansiAmsterdam ;London Elsevier20081 online resource (625 p.)Elsevier Global Energy Policy and Economics SeriesDescription based upon print version of record.0-08-047172-2 Includes bibliographical references and index.Front Cover; Competitive Electricity Markets: Design, Implementation, Performance; Copyright Page; Table of Contents; Contributors; Foreword: Liberalization and Regulation in Electricity Systems - How can We get the Balance Right?; Preface: Competition and Long-Term Dimensions of Electricity Supply; Introduction: Electricity Market Reform - Progress and Remaining Challenges; PART I: Market Reform Evolution; Chapter 1. Reevaluation of Vertical Integration and Unbundling in Restructured Electricity Markets; Summary; 1.1. Introduction; 1.2. The Historical Motives for Vertical Integration1.3. The Case Now for Liberalized Markets1.4. The Unsolved Problems of Liberalized Markets; 1.5. The Allocation of Risk Bearing in Liberalized Markets; 1.6. Conclusions; Acknowledgment; References; Chapter 2. Hybrid Electricity Markets: The Problem of Explaining Different Patterns of Restructuring; Summary; 2.1. Introduction; 2.2. The Institutional Setting for Restructuring; 2.3. Hybrid Markets and Patterns of Restructuring; 2.4. Analysis; 2.5. Conclusions; References; Chapter 3. Achieving Electricity Market Integration in Europe; Summary; 3.1. Introduction; 3.2. Contextual Setting3.3. European Commission Initiatives3.4. Removing Barriers to Market Harmonization; 3.5. Establishing the "Western" Regional Market; 3.6. Conclusions; PART II: Market Performance, Monitoring and Demand Participation; Chapter 4. Transmission Markets, Congestion Management, and Investment; Summary; 4.1. Introduction; 4.2. Evolution of Transmission Organizations and Structures; 4.3. Approaches for Transmission Markets; 4.4. Congestion Metrics; 4.5. Financial Transmission Rights; 4.6. Transmission Investment; 4.7. Conclusions; 4.8. Acknowledgment; ReferencesChapter 5. The Design of US Wholesale Energy and Ancillary Service Auction Markets: Theory and PracticeSummary; 5.1. Introduction; 5.2. The Development of Wholesale Energy Auction Market Designs; 5.3. The Day-Ahead Market; 5.4. The Reliability Unit Commitment; 5.5. Real-Time Market; 5.6. The Revenue Sufficiency Guarantee; 5.7. Pricing and Settlement of Marginal Congestion and Losses; 5.8. Market Power Monitoring and Mitigation; 5.9. Other Topics in ISO Market Design and Implementation; 5.10. Extensions of the Market Design; 5.11. Conclusions5A. Appendix: Mathematical Formulation of the Auction ExamplesAcknowledgment; References; Chapter 6. The Cost of Anarchy in Self-Commitment-Based Electricity Markets; Summary; 6.1. Introduction; 6.2. Centralized versus Decentralized Markets; 6.3. Comparison of Centrally and Self-Committed Markets; 6.4. Conclusions; 6A. Appendix; References; Chapter 7. Market Power and Market Monitoring; Summary; 7.1. Introduction; 7.2. Market Power in Electricity Markets; 7.3. Market monitoring; 7.4. Conclusions; Acknowledgment; 7A. Appendix; References; Chapter 8. Demand Participation in Restructured MarketsSummaryAfter 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent "reform of the reforms.? This volume describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable enerElsevier Global Energy Policy and Economics SeriesElectric utilitiesManagementElectric powerMarketingCompetitionElectric utilitiesManagement.Electric powerMarketing.Competition.333.7932Sioshansi Fereidoon P(Fereidoon Perry)1469768MiAaPQMiAaPQMiAaPQBOOK9910777023603321Competitive electricity markets3804719UNINA